A ship owners’ P&I Club, which specializes in liability insurance for the owners of smaller vessel worldwide, is opening a branch in Singapore. Initially serving the membership in Singapore, Malaysia, Thailand and Indonesia it is intended that the branch will eventually extend its sphere of operation into other countries in Asia as well.
The says that over 20 years since it began underwriting there, South East Asia is now one of its largest operating areas with over 500 members and nearly 5,000 entered vessels representing around 25% of the total tonnage entered.
Club chief executive Charles Hume said: “We are very pleased to be opening this branch of the Club to our membership in Asia which we hope will add an extra dimension to our service by making us more accessible to them and to their brokers. In these uncertain times, our Asian office demonstrates the certainty of our commitment to serving our Members in the region for the long term.”